Company Update (NYSE:MET): Loyalty on the Rise as Employees Look to Their Employers for Financial Security, According to MetLife’s 14th Annual U.S. Employee Benefit Trends Study

[Business Wire] – MetLife’s 14th Annual U.S. Employee Benefit Trends Study, released today, reveals employee loyalty is on the rise, with 45 percent of employees saying they plan to work for their current employer 12 months from now, compared with 41 percent last year. Read more on this. MetLife, Inc. (MET) , with a current market cap of $48.73B, opened this morning at $44.63. Today’s price range has been between $44.19 and $44.63 per share with the price of the stock fluctuating between $35.00 to $58.23 over the last 52 weeks. MET shares are currently priced at 7.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.56x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.50 per share annually in dividends, yielding 3.37%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.39 per share, which would be $0.05 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $5.74 which would be a $0.88 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $17.16 Billion. If reported, that would be a 0.76% increase over the year-ago quarter. More recently, Raymond James upgraded MET from Mkt Perform to Strong Buy (Jan 22, 2016). Previously, Macquarie upgraded MET from Neutral to Outperform. Given all the information above, we should disclose to readers that the average price target is $52.43, which is 17.48% above than it opened this morning. See more in (NYSE:MET) Similar Articles: Market Update: MetLife Inc (NYSE:MET) – MetLife plans to split off U.S. retail business; shares rise Company Update: MetLife Inc (NYSE:MET) – MetLife Study Finds Financial Impact from Death of Spouse or Partner Has Grown Since Recession Stock Update: MetLife Inc (NYSE:MET) – MetLife’s China Employee Benefit Trends Study Reveals That Employees Are Less Loyal Than Employers Think